Crypto funds received $ 154 million in a week

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Investors contributed $ 154 million to digital asset funds over the past week, despite a 12 percent correction in Bitcoin, CoinShares said in a new report.

Bitcoin continues to receive the overwhelming majority of new investments – investments in funds based on it amounted to $ 114 million.

“This fact, however, was not reflected in prices. Bitcoin fell 4% over the month, while Ethereum rose 14% over the same period. This discrepancy could be attributed to the recent launch of ETFs in the US, which now account for 90% of new inflows, ”analysts said.

Ethereum recorded inflows of $ 14 million, which was its fourth positive week in a row. The total amount of investments during this time amounted to $ 80 million.

Some altcoins began to show an investment outflow for the first time in several months. Funds based on Cardano, for example, lost $ 2.1 million in capital in a week.

“The influx of assets in the world’s computers suggests that investors are opting for Solana. The total amount of inflows to Solana over the past month was $ 43 million, while in Cardano – $ 23 million, ”the authors add.

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